Stock in Focus: RFM Corp. (RFM)

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RFM Corporation (stock symbol: RFM) has been unable to make a good recovery since the stock reached its all-time high at 6.68 last May 7.

Philippine Stock Exchange, RFM Corporation_RFM Daily chart, May 26, 2014

RFM Daily chart, May 26, 2014

At present, RFM is struggling to hold on to the 6.00 level. The stock even experienced 8 consecutive down days recently.

The Detrended Price Oscillator (DPO) follows price as the latter tries to move through 6.00.

Buyers are still in a strong position to maintain control of this stock, following their recent successes. Ideally, 6.00 would serve as the new line in the sand.

Do you have RFM in your portfolio? Share your thoughts below!

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